The Narendra Modi government had launched two major insurance schemes in 2015 keeping in mind the economic security of the families of the middle class and low-income people of the country. These two insurance schemes are named - Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Under Pradhan Mantri Jeevan Jyoti Bima Yojana (Pradhan Mantri Jeevan Jyoti Bima Yojana), the nominee gets an insurance amount of two lakh rupees in case of unfortunate death due to any of the policyholder. On the other hand, under the Pradhan Mantri Suraksha Bima Yojana (Pradhan Mantri Suraksha Bima Yojana), the nominee gets an amount of Rs 2 lakh if the policyholder dies in an accident.
The annual premium of PMJJBY is Rs 330 and the annual premium of PMSBY is Rs 12. In this way, on taking cover of both these insurance schemes, you need to deposit Rs 342 every year. These premiums are deducted from your account every year from May 1 to May 31 under the auto-debit facility. The reason for this is that the premium cycle of both these schemes is from June 1 to May 31 of the next year. In this way, if you have taken both these insurance schemes, then your next year's premium will be deducted from your bank account by May 31 this year. In such a situation, you will need to maintain at least this amount in your account at the end of May, otherwise, your insurance coverage may be exhausted.
Know the special things related to these schemes
Pradhan Mantri Jeevan Jyoti Bima Yojana
This insurance cover can be taken by people between the age of 18 to 50 years. It provides insurance cover up to the age of 55 years. For this, you should have a savings account with any bank. Also, you will need to approve auto-debit for this scheme. If you have a savings bank account in any bank, then you can take this insurance coverage by paying a premium of Rs 330 annually.
If the bank account linked to the scheme is closed in the middle of your insurance cover does not continue if there is no balance required. A person can open only one PMJJBY account from a bank account and an insurance company.
Those who exit from this scheme in the future can take an insurance cover of Rs 2 lakh under this scheme by paying the annual premium payment and the declaration of recovery.
Pradhan Mantri Suraksha Bima Yojana
Under this scheme, the nominee gets an insurance cover of two lakh rupees after the unfortunate death of the policyholder. At the same time, the policyholder gets a cover of Rs 2 lakh for permanent disability, Rs 1 lakh for permanent partial disability.
Corona: Active cases of corona close to 80 thousand, 9923 people infected in last 24 hours, 17 died
The number of corona infections in the country continues to fluctuate. According to Tuesday's data released by the Ministry of Health, 9,923 new cases of corona have been reported in the last 24
Preparations for action against Pakistan? NSA Ajit Doval met PM Modi for the second time in 24 hours
Tensions between India and Pakistan continue after the attack in Pahalgam, Jammu and Kashmir. Meanwhile, NSA Ajit Doval reached to meet PM Modi.
Delhi Election 2025: 'The attacking BJP workers should be arrested', Kejriwal has written a letter to EC with these 4 demands
Arvind Kejriwal has written a letter to the Chief Election Commissioner regarding the attack on Aam Aadmi Party (AAP) workers in the New Delhi Assembly. In the letter, Kejriwal mentioned several
Anil Kapoor shooting with Marvel's Hawkeye, reality series will come on Hotstar!
Although Anil Kapoor and Jeremy Renner worked together for the 2011 film Mission Impossible - Ghost Protocol, the two were never seen together on screen. Now recently, both of them came together in
Modi 3.0 Oath Ceremony: Sheikh Hasina and Ranil Wickremesinghe will attend Narendra Modi's swearing-in ceremony, these countries are also invited
Modi 3.0 Oath Ceremony: The results of the Lok Sabha elections were declared on Tuesday (4 June). In which the NDA government got 292 seats, while on the other hand the I.N.D.I.An alliance got 234
Corona Updates: 56,017 patients were found in the country in 24 hours, 656 deaths; 71% active cases in 5 states including Kerala and Maharashtra
In the last 24 hours, 56,017 new cases of corona infection were found in the country, 1.49 lakh patients were cured, while 656 people died due to corona infection. There has been a decline of more
Fear of rapid spread of infection after lifting of corona restrictions in China, emphasis on increasing health facilities
With the withdrawal of major corona restrictions in China, the possibility of corona spreading again has increased. Worried about this, China has started insisting on expanding hospitals and
Indian-origin Rishi Sunak becomes UK PM: Dominic Robb to be deputy prime minister, Jeremy Hunt to remain, finance minister
42-year-old Indian-origin Rishi Sunak has become the new Prime Minister of Britain. On Tuesday, Sunak arrived at Buckingham Palace and met King Charles. King handed him an appointment letter and asked
Climate Change: Average temperature will increase from 20.4 °C to 39.7, and will heat up more at night
Rapidly increasing heat will cause six times more deaths by the end of this century. The high temperature during the night will also disturb the sleep and physical functions of the people. Not only
Delhi Air Pollution: This year there is a possibility of relief from air pollution, this time there is a big reduction in the cases of stubble burning as compared to the previous years.
The entire National Capital Region (NCR), including Delhi, seems to be getting relief from air pollution by the third week of October due to a significant reduction in the cases of stubble burning
